Investment
The allocation of money into assets, projects, or ventures with the expectation of generating income or value over time. Investments can include stocks, real estate, equipment, or business expansions. They are recorded on the balance sheet and may produce returns through income, interest, or capital gains.
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Incurred Expense
An incurred expense is a cost that a business has become liable for, regardless of whether it has been paid…
Incremental Cost
Incremental cost refers to the additional expense incurred when producing one extra unit of output or undertaking a specific decision.…
Impairment Loss
Impairment loss occurs when an asset’s carrying value exceeds its recoverable amount. It represents a permanent reduction in the value…
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